I am not interested in participating in an ICO that has raised so much in a presale. I cannot fathom why they would need more than $850m to start building out their platform. If it was a securities token, I would consider looking at the financials to see if valuations and growth prospects would make it worth it.
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I agree, 850M in Pre-ICO is confusing. This smells like a venture capital valuation based on active user base, but that is still a crazy round of fund raising.